The Global Institute Russia-India-China (RIC) Conference, 2008

4th Annual International Conference


"Emerging Super Trio: Global Economic Implications"



20-21 November 2008

The Claridges Hotel,  New Delhi




Brookings Institutions, Washington D.C.

Centre for China in the World Economy (CCWE), Beijing

Centre for Economic and Financial Research (CEFIR), Moscow

National Council of Applied Economic Research, (NCAER), New Delhi


National Council of Applied Economic Research


BP Group



(Conference Programme)

(Conference Photo Gallery)



Day 1 - 20 November 2008: Maharani Hall
9:00-:30 am Registration
9:30-10:30 am Plenary Session
Chair: Suman Bery
9:30-9:35 Suman Bery, NCAER, India
9:35-9:40 Sergei, Guriev, CEFIR, Russia
9:40-9:45   David Li, CCWE, China
9:45-9:50 Ashok Jhawar, BP, India
9:50-10:30 Keynote Address
9:50-9:55  Introduction to the Keynote Speaker by Suman Bery, NCAER
9:55-10:25 Vijay Kelkar, Finance Commission, India, Keynote Address
10:25-10:30 Closing Remakrs by Chair
10:30-10:45 Tea Break
10:45-12:00  Session I: Trade and Investment Cooperation among RIC Countries
Chair David Li
10:45-10:50  Opening Remarks by Chair
10:50-11:10 Alexander Lukine, (NES)
Sino-Russian Trade and Investment Cooperation: Prospects for the Future (PPT)
11:10-11:20 Natalia Volchkova, (CEFIR, Russia)
Globalization and Economic Diversification (PPT) 
11:20-11:30 Rajesh Chadha, Geethanjali Nataraj and Anjali Tandon, (NCAER, India)
Export Diversification in India and China: A Comparative Analysis (PPT) 
11:30-11:55 Open floor discussion
11:55-12:00 Closing Remarks by Chair
12:00-1:30 Session II: Poverty, Inclusive Growth and Economic Development
Chair Barry Bosworth, Brookings Institution
12:00-12:05 Opening Remarks by Chair
12:05-12:25 S. Mahendra Dev, (CACP, India)
Inclusive Growth, poverty and Economic Development in India (PPT)
12:25-12:35 Irina Denisova, (CEFIR, Russia)
How Vulnerable is Consumption of Russian Households? Micro Perspective (PPT)
12:35-12:45 Gang Peng, (Center For Development Economics Studies)
Poverty Amid Plenty: Comparative Study On Reducing Poverty Between China & Indias (PPT) 
12:45-12:55 Ekaterina Zhuravskaya, (CEFIR, Russia)
View and Aspirations of Russians and Residents of Other Transition Countries (PPT) 
12:55-1:20 Open floor discussion
1:20-1:30 Closing Remarks by Chair
1:30-2:30 Lunch
2:30-4:00 Session III: Managing Capital Flows in RIC Countries
Chair Barry Bosworth, Brookings Institution
2:30-2:35 Opening Remarks by Chair
2:35-2:55 Changqi Wu, (CCWE)
Outward Foreign Direct Investment from China: Trends and Implications (PPT)
2:55-3:10 Alexei Goriaev, (CEFIR)
Developing International Financial Centres in Russia, India, And China (PPT) 
3:10-3:20 Ila Patnaik, (NIPFP)
Coping with a sudden stop: Capital flows to India (PDF) 
3:20-3:45 Open floor discussion
3:45-4:00 Closing Remarks by Chair
4:00-4:15 Tea Break
4:15-5:30 Session IV: Exchange Rate Management and Capital Account Convertibility
Chair Sergei Guriev
4:15-4:20 Opening Remarks by Chair
4:20-4:45 Suman Bery, (NCAER)
Reflections on the Indian Exchange Rate Regime 
4:45-4:55 Oleg Zamulin, (NES)
Globalization and Economic Diversification (PDF) 
4:55-5:20 Open floor discussion
5:20-5:30 Closing Remarks by Chair
7:00-9:30 Welcome Dinner (Co-sponsored by Sun Group): Senate Lounge
Day 2 - 21 November 2008: Vice Regal Hall
10:30-11:30 Session V: Energy Issues and Energy Cooperation In Russia, India And China
Chair Jyothi Parikh, IRADE, India
10:30-10:35 Opening Remarks by Chair
10:35-10:55 Vladimir Drebentsov, (BP, Russia) and Chi Zhang, (BP, China)
China and Russia Gas Trade: Is There a Common Ground? (PPT)
10:55-11:05 Pradeep Dadhich, (Centre for Research on Energy Security TERI, India)
Energy Issues and Energy Cooperation In Russia, India and China (PPT) 
11:05-11:25 Open floor discussion
11:25-11:30 Closing Remarks by Chair
11:30-11:45 Tea Break

11:45-1:00 Session VI: Infrastructure Development in the RIC Region: Experiences of Russia, India and China

Chair Gajendra Haldea, Planning Commission, Government of India
11:45-11:50 Opening Remarks by Chair
11:50-12:10 Shashanka Bhide, (NCAER)
Macro Economic Concerns in Infrastructure Development (PPT)
12:10-12:25 Stefano Negri, (Mckinsey Global Institute)
Urbanization in China and the Impact on Infrastructure Needs for the Next 20 Years-Challenges and Opportunities (PPT) 
12:25-12:35 Prabir De, (RIS, India)
Infrastructure in India and China: A Comparison (PPT) 
12:35-12:55 Open floor discussion
12:55-1:00 Closing Remarks by Chair
1:00-1:45 Lunch
1:45-3:15 Panel 1: Global Financial Crisis- Implications for RIC Countries
Chairs Deepak Lal, University of California, Erik Berglof, EBRD
1:45-1:50 Opening Remarks by Chair
1:50-3:05 Panel Discussion
Shashanka Bhide
Alexander Lukin
Alexei Goriaev
Andrey Bremzen
Chi Zhang
David Li
Jayashree Sengupta
Raji Jagadeesan
Suman Bery
Suping Wu
3:05-3:15 Closing Remarks by Chair
3:15-3:30 Tea Break
3:30-4:30 Panel 2: Macro Economic Challenges Facing Russia, India and China: Prospects and Issues of Trilateral Cooperation And Future Research Agenda
Chairs R. Gopalan, Ministry of Commerce, Government of India
3:30:3:35 Opening Remarks by Chair
3:35-4:20 Panel Discussion
Barry Bosworth
Changqi Wu
Janamitra Devan
Natalia Volchkova
Oleg Zamulin
Rajesh Chadha
Sanjaya Panth
Sergei Guriev
4.20-4.30 Closing Remarks by Chair
4:30-5:00 Valedictory Session by Arjun K. Sengupta, Government of India 5:00
5:00-5:30 Concluding Remarks by David Li, Sergei Guriev and Suman Bery


BP: British Petroleum CACP: Commission for Agricultural Costs and Prices
CCWE: Center for China in the World Economy CEFIR: Center for Economic and Financial Research
EBRD: European Bank for Reconstruction and Development NCAER: National Council of Applied Economic Research
NES: New Economic School NIPFP: National Institute of Public Finance and Policy
IRADE: Integrated Research and Action for Development